Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than 90 million global businesses and up to 9% cash back on all payments.
The Bit2Me card can also be used in-store & online using NFC-enabled mobile devices, such as smartphones and smartwatches. Right now the card can be linked to 8 top cryptocurrencies with more to follow. Users can pay securely for goods and services with Bit2Me’s B2M, BTC, ETH, ADA, XRP, SOL, DOT, and USDT.
Both the AppStore and Android versions enable users to freely switch between multiple crypto wallets simultaneously, making payment in multiple currencies a breeze. Bit2Me intends to bring support to more digital currencies throughout 2023, so that more crypto users will be able to take advantage of all the benefits of the card, such as the 9% cash-back.
Achieving this level of cryptocurrency to Mastercard integration was not a simple process, as Leif Ferreira, CEO and co-founder of Bit2Me explains:
“Dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and transparently for businesses. Moreover, we have managed to add up to 9% cash back on purchases.”
Following their successful 30M EUR ICO in 2021, Bit2Me have been busy building their academy, integrating new tokens for trade, and of course working on improving access to Web3 technologies for the everyday user. In light of this, Bit2Me wanted to give card users a seamless and secure experience like that of a regular fiat debit card. So, unlike some competing crypto cards the Bit2Me card enables users to make cash withdrawals at ATMs, and instant online payments without the annoyance of having to manually exchange funds on the app.
Bit2Me debit card users can also rest easy knowing that secure features like the ability to lock and unlock the card, configure usage limits, and safety-related support for NFC are all at their fingertips.
Striving to combine the flexibility of cryptocurrencies with the security and convenience of traditional finance has been an exciting process, as Andrei Manuel, COO and co-founder of Bit2Me states:
“Our mission is to bring the use of cryptocurrencies closer to everyone. Bit2Me Card allows you to use your cryptocurrencies easily and quickly in your day-to-day life. You can use cryptocurrencies, such as Bitcoin, or stablecoins, such as USDT, at physical or online stores.”
The Bit2Me Card is a huge step forward for the everyday cryptocurrency user with its streamlined payments, NFC-friendly software, and strong security features. As cryptocurrency use has become more mainstream, people are looking for the best features and rewards around, and with up to 9% cash-back for users, Bit2Me’s debit card looks to be a great choice for anyone who wants to get the most from their cryptocurrency use.
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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than 90 million global businesses and up to 9% cash back on all payments.
The Bit2Me card can also be used in-store & online using NFC-enabled mobile devices, such as smartphones and smartwatches. Right now the card can be linked to 8 top cryptocurrencies with more to follow. Users can pay securely for goods and services with Bit2Me’s B2M, BTC, ETH, ADA, XRP, SOL, DOT, and USDT.
Both the AppStore and Android versions enable users to freely switch between multiple crypto wallets simultaneously, making payment in multiple currencies a breeze. Bit2Me intends to bring support to more digital currencies throughout 2023, so that more crypto users will be able to take advantage of all the benefits of the card, such as the 9% cash-back.
Achieving this level of cryptocurrency to Mastercard integration was not a simple process, as Leif Ferreira, CEO and co-founder of Bit2Me explains:
“Dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and transparently for businesses. Moreover, we have managed to add up to 9% cash back on purchases.”
Following their successful 30M EUR ICO in 2021, Bit2Me have been busy building their academy, integrating new tokens for trade, and of course working on improving access to Web3 technologies for the everyday user. In light of this, Bit2Me wanted to give card users a seamless and secure experience like that of a regular fiat debit card. So, unlike some competing crypto cards the Bit2Me card enables users to make cash withdrawals at ATMs, and instant online payments without the annoyance of having to manually exchange funds on the app.
Bit2Me debit card users can also rest easy knowing that secure features like the ability to lock and unlock the card, configure usage limits, and safety-related support for NFC are all at their fingertips.
Striving to combine the flexibility of cryptocurrencies with the security and convenience of traditional finance has been an exciting process, as Andrei Manuel, COO and co-founder of Bit2Me states:
“Our mission is to bring the use of cryptocurrencies closer to everyone. Bit2Me Card allows you to use your cryptocurrencies easily and quickly in your day-to-day life. You can use cryptocurrencies, such as Bitcoin, or stablecoins, such as USDT, at physical or online stores.”
The Bit2Me Card is a huge step forward for the everyday cryptocurrency user with its streamlined payments, NFC-friendly software, and strong security features. As cryptocurrency use has become more mainstream, people are looking for the best features and rewards around, and with up to 9% cash-back for users, Bit2Me’s debit card looks to be a great choice for anyone who wants to get the most from their cryptocurrency use.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the blockchain, with some inscriptions fetching high prices via over-the-counter (OTC) trades. A clone of the popular NFT collection Cryptopunks, called Ordinal Punks, is selling for similar values to the original NFTs minted on Ethereum.
Ordinal inscriptions are gaining popularity in 2023, with the number rising to more than 50,000. Just five days prior, there were only 7,000 inscriptions. As of 12:20 p.m. ET on Feb. 11, 2023, there are 57,179 inscriptions hosted on the Bitcoin blockchain. Additionally, several ordinal inscriptions have sold for substantial amounts in the past week, including a clone of the Cryptopunks NFT collection, known as Ordinal Punks.
Ordinal Punks are a collection of 100 generative punks that were minted within the first 650 inscriptions on the Bitcoin blockchain. Many new NFTs based on Bitcoin are being sold through over-the-counter (OTC) transactions, using a rudimentary pricing spreadsheet. Recently, Ordinal Punk #41 sold for 11.5 BTC, or $249,052. On Friday, the Ordinal Punks surpassed the floor values of Cryptopunks. While the trend of Ordinal inscriptions is still new, there is limited infrastructure in terms of markets and updated price metrics.
Just acquired these 7 @OrdinalPunks for a total of 15.2 BTC (211 ETH)
Punk 27 (inscription #444)
Punk 48 (ins #483)
Punk 73 (ins #599)
Punk 80 (ins #606)
Punk 88 (ins #614)
Punk 91 (ins #617)
Punk 92 (ins #618)
If you haven't looked into Ordinal NFTs on BTC yet, you should, now pic.twitter.com/MhD1WKjPfA
— dingaling (@dingalingts) February 8, 2023
However, the project called Emblem Vault has created vaults for Ordinal inscriptions, similar to vaults created for Rare Pepe NFTs made with Counterparty and Bitcoin. With Emblem Vault’s technology, Ordinal inscriptions can be added to the Opensea NFT marketplace and sold for ethereum (ETH). Emblem Vault suggests using a community tool to verify Bitcoin-crafted punks to prevent scams. Emblem Vault tweeted on Saturday, “Remember to verify before purchasing any vaulted asset.”
Data shows that people are not only adding images to the Bitcoin blockchain through Ordinal inscriptions, but also text, video, applications, and audio. Although images are the most common attachment, text and video inscriptions follow in popularity. Ethereum advocates are also utilizing Ordinal inscriptions, as many ETH-based NFTs are being inscribed onto the Bitcoin blockchain. For instance, “Onchain Monkeys” (OCM), an Ethereum-based NFT project from 2021, minted its 10,000-piece collection using Bitcoin.
“We inscribed OCM on Bitcoin in a highly efficient way in one inscription,” the team tweeted. “This is a historic precedent that mirrors the historic first of all 10K OCM Genesis being created onchain on Ethereum in one transaction.”
What are your thoughts on the rising popularity of Ordinal inscriptions on the Bitcoin blockchain? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
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